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Shares of Cimarex Energy C Fall to a New 52-Week Low

By Nick Russo

Cimarex Energy C (NYSE:XEC) traded today at a new 52-week low of $49.54. This new low was reached on below average trading volume as 163,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Over the past year, Cimarex Energy Chas traded in a range of $49.54 to $101.19 and are now at $49.61. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.9%.

Potential upside of 170.7% exists for Cimarex Energy C, based on a current level of $49.61 and analysts' average consensus price target of $134.28. The stock should run into initial resistance at its 50-day moving average (MA) of $59.78 and subsequent resistance at its 200-day MA of $71.78.

Cimarex Energy Co. explores for and produces crude oil and natural gas in the United States. The Company conducts activities primarily in Oklahoma, Kansas, Louisiana, and Texas.

SmarTrend recommended that its subscribers protect gains by selling shares of Cimarex Energy C on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $68.68. Since that call, shares of Cimarex Energy C have fallen 27.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows cimarex energy c

Ticker(s): XEC